Dollar Tree, Inc. (NASDAQ:DLTR) insider Robert H. Rudman sold 2,764 shares of the firm’s stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $93.70, for a total value of $258,986.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Dollar Tree stock opened at $91.95 on Friday. The company has a market capitalization of $21,823.04, a PE ratio of 18.88, a P/E/G ratio of 1.12 and a beta of 0.80. The company has a current ratio of 1.60, a quick ratio of 0.49 and a debt-to-equity ratio of 0.66. Dollar Tree, Inc. has a twelve month low of $65.63 and a twelve month high of $116.65.
Dollar Tree (NASDAQ:DLTR) last announced its earnings results on Wednesday, March 7th. The company reported $1.89 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.01). Dollar Tree had a net margin of 7.71% and a return on equity of 18.68%. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.39 billion. During the same quarter in the previous year, the business posted $1.36 earnings per share. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. research analysts predict that Dollar Tree, Inc. will post 5.63 earnings per share for the current year.
A number of equities analysts have recently commented on the company. Bank of America raised their price objective on Dollar Tree from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Wells Fargo restated an “outperform” rating and issued a $138.00 price objective (up from $132.00) on shares of Dollar Tree in a report on Tuesday, January 23rd. Zacks Investment Research upgraded Dollar Tree from a “hold” rating to a “strong-buy” rating and set a $128.00 price objective on the stock in a report on Tuesday, January 16th. Guggenheim restated a “buy” rating on shares of Dollar Tree in a report on Wednesday, January 31st. Finally, Oppenheimer assumed coverage on Dollar Tree in a report on Tuesday, January 16th. They issued an “outperform” rating and a $130.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Dollar Tree has a consensus rating of “Buy” and an average price target of $107.40.
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About Dollar Tree
Dollar Tree, Inc operates variety retail stores in the United States and Canada. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care products, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; various merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods, which include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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